cover of episode UBS On-Air: Paul Donovan Daily Audio 'The importance of participation rates'

UBS On-Air: Paul Donovan Daily Audio 'The importance of participation rates'

2024/6/10
logo of podcast UBS On-Air: Market Moves

UBS On-Air: Market Moves

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Shownotes Transcript

In any society experiencing a period of economic upheaval, some people do better while others do worse. The causes are complex, but those suffering want a simple explanation. This encourages scapegoat economics—blaming economic problems on a minority group. Scapegoat economics encourages prejudice politics, where politicians promise everything will be OK if that group can only be excluded. This helps explain the extremists’ success in the European elections.